Crypto investigator ZachXBT has issued a warning to the community, advising against involvement with the prediction market project Rain Protocol. He highlighted concerns over the project's lack of users, market appeal, and experienced backers. On-chain analysis suggests that Rain's funding sources are linked to controversial figures and failed projects, raising red flags about potential manipulation. Rain Protocol's token price is suspected of being manipulated through Uniswap V3 liquidity pools, with obfuscated transfer paths via Gems hot wallets. Despite a reported total value locked of $27.2 million, the liquidity is poor, consisting solely of its native token. The project announced a $212 million treasury strategy in November 2025, but lacks credible data to support its claims. ZachXBT also noted connections to Moshe Hogeg, a controversial figure charged with a $290 million crypto scam, further questioning the project's legitimacy.